The battle for stablecoin supremacy has a clear frontrunner, as the Tron network has shattered previous records, cementing its position as the go-to blockchain for Tether (USDT) transactions. This surge underscores a significant shift in user preference, driven by the network’s efficiency and lower costs.
On July 1, 2025, the Tron network processed an unprecedented $24,3 billion in USDT transfers in a single day, according to data highlighted by Satoshi Club on X. This milestone represents the highest daily volume recorded in the last five years and starkly contrasts with its main rival, Ethereum, which handled just $9,9 billion on the same day.
A Tale of Two Networks: The Great Stablecoin Shift
This isn’t a fleeting spike but the culmination of a sustained trend. The data paints a vivid picture of diverging fortunes that began in mid-2022.
• Ethereum’s Fading Grip: From 2020 through mid-2021, Ethereum was the undisputed king of USDT transfers, frequently seeing daily volumes exceed $12 billion. However, its activity slowed in late 2021, settling into a volatile pattern between $3 billion and $9 billion throughout 2022 and 2023.
• Tron’s Steady Ascent: Tron overtook Ethereum in transfer volume during the second quarter of 2022 and has not relinquished its lead since. Its growth has been consistent and largely uninterrupted, indicating strong and growing user trust.
The primary drivers behind this migration are Tron’s core advantages: significantly lower transaction fees and faster settlement times. For users ranging from individual retail traders to large-scale operations, these factors create a compelling value proposition, making it more practical and economical to move funds on Tron.
As of mid-2025, the gap has widened considerably. While Ethereum remains a cornerstone of the decentralized finance (DeFi) ecosystem, Tron has unequivocally become the preferred infrastructure for daily stablecoin activity. This trend confirms that for the simple, high-frequency task of moving USDT, the market has chosen efficiency and affordability.
